Highlights
QuiD Cash Secures £4.5 Million in Pre-Series A Funding
QuiD Cash, an innovative player in the supply chain fintech sector, has successfully raised £4.5 million (approximately ₹38.23 crore) during its pre-Series A funding round. This financing event attracted a diverse group of angel investors, including prominent individuals such as Piyush Jain and existing supporter MINTCAP.
Earlier this year, in 2024, QuiD Cash had already secured ₹5 crore through its pre-seed funding phase led by mint Cap Enterprises alongside Stone Park Capital.
Strategic Investment Focus: Technology and Expansion
The newly acquired capital will be strategically directed towards:
- upgrading technological infrastructure
- Facilitating buisness growth initiatives
Along with this financial boost, QuiD Cash has launched QuiD Capital—an NBFC designed to enhance anchor-led invoice financing solutions.
Leading Financial Innovations Across Multiple Industries
Cofounded by Subhash Gupta and Vikram AG, QuiD Cash is committed to delivering advanced financial services through its B2B supply chain platform.Currently serving approximately 8,000 users, the company partners with over 20 leading organizations across various sectors including:
- fast-Moving Consumer Goods (FMCG)
- Agriculture
- Aerospace Manufacturing
- Pharmaceuticals
The partner companies manage monthly transactions ranging from ₹50 crore to ₹250 crore.
Aiming for Workforce Expansion
Proudly employing a team of 40 professionals at present, QuiD Cash is set for growth as it plans to expand its workforce to 50 within the next year. Additionally,the company aims to onboard an notable half a million retailers over the next two years.
This strategic outlook positions QuiD Cash as a strong contender in providing innovative financial solutions tailored for various industries while maintaining a robust focus on technological advancement and growth potential.